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Moderately bullish activity in Applovin (APP), with shares up $28.40 (+8.16%) near $376.30.

Options volume is more than double the daily average, with 82k contracts traded and calls leading puts for a put/call ratio of 0.36, compared to a typical level near 0.69. Implied volatility (IV30) rose 4.64 to 73.3,above the median, suggesting an expected daily move of $17.37. Put-call skew flattened, suggesting a modestly bullish tone.

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